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May 17, 2013
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not start paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. maybe even a hashtag. you would think it would be front page news on every website. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest projected deficits since 2008, trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long-term deficits is rising health care costs and -- get thi
not start paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. maybe even a hashtag. you would think it would be front page news on every website. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report...
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May 20, 2013
05/13
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it's the trust deficit. >> will that impact therefore your own personal congress person? i think it may because i think people are getting fed up. this new generation that's coming up that they call the millennium generation is representing to where they don't resent authority, they just don't respect it. they're not of the establishment, they're outside of it and they're beginning to r impact on the institutions where the president may have favorable ratings, but what do people think about the presidency and that's the same way in the congress and ultimately without the trust of a crew, you have a purposeful ship of state, the united states, for example, begin to careen from crisis to crisis because we have leaders that only care about the politics of it and that's the shame down in d.c. today, it's just gotten out of control. >> congressman, what does it do to the trust deficit, as you put it when you have, excuse me, members of congress who have basically decided on theest is facts that they want to see, for example, in the benghazi matter and then they work backward t
it's the trust deficit. >> will that impact therefore your own personal congress person? i think it may because i think people are getting fed up. this new generation that's coming up that they call the millennium generation is representing to where they don't resent authority, they just don't respect it. they're not of the establishment, they're outside of it and they're beginning to r impact on the institutions where the president may have favorable ratings, but what do people think...
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May 19, 2013
05/13
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
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May 15, 2013
05/13
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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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May 15, 2013
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"deficit is shrinking quickly," went the headline. now, mr. mcconnell claims to care about debt and spending. so surely he'll break from flogging benghazi and the irs to talk about the progress that's being made in the economy by this administration. is that true, sir? >> don't hold your breath. >> did you just see a pig flying across the capitol? >> no. mitch is on his own personal mission. that's to make every partisan comment he can possibly think of. he takes to the floor every day to bash the obama administration. again, trying to enhance his very conservative credentials. and he's really never talking about what his vision for the country or for kentucky are. that's why he's in such a poor standing in the state. >> congressman john yarmuth, as ever, thank you, sir. >>> stay with us. the day's top lines are coming up. >> what's become clearly apparent is a culture throughout the federal government, not just the irs but the department of justice, the state department, et cetera. that's embarrassing for the country. these are things you typ
"deficit is shrinking quickly," went the headline. now, mr. mcconnell claims to care about debt and spending. so surely he'll break from flogging benghazi and the irs to talk about the progress that's being made in the economy by this administration. is that true, sir? >> don't hold your breath. >> did you just see a pig flying across the capitol? >> no. mitch is on his own personal mission. that's to make every partisan comment he can possibly think of. he takes to...
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May 16, 2013
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neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
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May 16, 2013
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
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May 14, 2013
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austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now.
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
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May 16, 2013
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the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman replaces the former a.d. who resigned after a video came out of the school's former men's basketball coach mike rice. >> ow. >> caught on camera hurling basketballs at players and using in a couple cases gay slurs during practice. hermann would be rutgers' first female a.d. she comes from louisville where she served as their athletic director's top deputy. she's got more than 30 years in college athletics but no prior experience as the head of a school's athletic program. >> mike, are there a lot of top program -- >> five. she becomes the fifth in d-1 schools. >> good move. move>> g >>> up next, author, columnist, ke
the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman...
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May 18, 2013
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it's not like snap is a worthy sacrifice on the deficit reduction. your cuts will do little to solve the nation's long-term fiscal challenges. spending on the program is expected to decrease according to the congressional budget office's projections. the dramatic increase between '07 and 2011 st an indication that the program is responding to americans who were struggling to feed their families during the recession and slow recovery. more people are using snap because more people are facing povrsy and hunger. so how about you and clour yeegs focus on that. as the number of americans in need of help declines, so, too will the number in need of snap. snap has been one of the few reliable lifelines in our weak social safety net. it lifted 4.7 million families out of poverty in 2011. here's my proposal, congressman lucas. no member of the u.s. congress should be allowed to introduce a bill reducing snap benefits until you have personally taken the food stamp challenge. that means eating on a budget of about $1 per person, per meal. if you and all your co
it's not like snap is a worthy sacrifice on the deficit reduction. your cuts will do little to solve the nation's long-term fiscal challenges. spending on the program is expected to decrease according to the congressional budget office's projections. the dramatic increase between '07 and 2011 st an indication that the program is responding to americans who were struggling to feed their families during the recession and slow recovery. more people are using snap because more people are facing...
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May 16, 2013
05/13
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well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
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May 15, 2013
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outreach that obama had been doing, having dinner with republicans trying to get a big deal on the deficit. do these three issues, benghazi, the irs and the ap scandal make it so there will be no discussion in the coming months. >> governor rendell. i want to play this rnc video. its vitaled demand transappears. >> to hold it accountable. there's many secrecy in the city. i will also hold myself as president to a new standard. >> society rnc at least believes they have some legs here. are they overplaying their hand already. you even have conservative charles hummer saying let the facts speak for them. don't overplay, but the ads are out. >> that's the problem in washington today. everyone wants to use these for political purposes. look, there are legitimate things we've got to cure. in the irs scandal, obviously what happened is bad. the people that did it should be held responsible and i think fired. but we should take a look at what is a social welfare group that is tax exempt. clearly, bill burton's group on our side wasn't a coin and never shouldn't have been declared tax exempt. neit
outreach that obama had been doing, having dinner with republicans trying to get a big deal on the deficit. do these three issues, benghazi, the irs and the ap scandal make it so there will be no discussion in the coming months. >> governor rendell. i want to play this rnc video. its vitaled demand transappears. >> to hold it accountable. there's many secrecy in the city. i will also hold myself as president to a new standard. >> society rnc at least believes they have some...
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May 20, 2013
05/13
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witnessing deficit reduction. we're witnessing the housing market come back. we're witnessing a lot of good things. think of what we could witness if we came together, sat down with this president and inked a whole new plan for this economy, for deficit reduction. and here on the floor we've got to do the farm bill. we just did the water resources bill. let the house get it done. we did the marketplace fairness act. let the house get it done. and the republicans, i say to them, they're not here, rhetorically, help us pass a budget. you're blocking the budget. you went around the country campaigning against democrats saying we didn't pass a budget. then we pass a budget, and now you won't finish the job, which means making sure we get conferees appointed and bring the two bills together -- the house and the senate -- compromise on that and get the budget done. there's no budget. they won't let us do it. but endlessly they bash the president. immigration reform. my colleagues are doing an incredible job in the judic
witnessing deficit reduction. we're witnessing the housing market come back. we're witnessing a lot of good things. think of what we could witness if we came together, sat down with this president and inked a whole new plan for this economy, for deficit reduction. and here on the floor we've got to do the farm bill. we just did the water resources bill. let the house get it done. we did the marketplace fairness act. let the house get it done. and the republicans, i say to them, they're not...
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May 14, 2013
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we've done over $2.2 trillion and $2.5 trillion of deficit reduction. we need basically about $2 trillion more to be done for us to, again, not only provide the boost to the american economy, not only no longer make the congress the object of more than late-night jokes about our inability to get things done, not only to be able to ensure that we've driven our debt to g.d.p. ratio back down headed in the right direction, but perhaps, most importantly, demonstrate to the american people that when we have an issue of this importance, that we can actually find that common ground. well, to do that is going to require candidly everyone in this body and our friends down the hall in the house to be willing to give a little. that means we're going to have to find ways to generate additional revenue. i believe for one -- i know sometimes many on my side disagree with me -- we're going to have to find ways to reform our entitlement programs so the promise of medicare and social security and medicaid, some of the best initiatives ever put forward, are going to be h
we've done over $2.2 trillion and $2.5 trillion of deficit reduction. we need basically about $2 trillion more to be done for us to, again, not only provide the boost to the american economy, not only no longer make the congress the object of more than late-night jokes about our inability to get things done, not only to be able to ensure that we've driven our debt to g.d.p. ratio back down headed in the right direction, but perhaps, most importantly, demonstrate to the american people that when...
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May 17, 2013
05/13
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the only way you would see any type of tax reform if it was part of a broader deficit and debt reduction deal. which we all know with this most likely poisoning the well, makes it most difficult. it's not seem easy. lastly, i think what rangel is really hinting at, something that a lot of democrats are saying and mrs. pelosi was saying, is this is all happening because of citizens united. citizens united opened up the floodgates and the u.s. government didn't know how to respond to it. not necessarily a good thing for democrats when the irs is now going to be much in charge of implementing their health care bill. >> indeed. luke russert, chris cillizza, thank you very much. >>> and the clean-up continuing in texas, in granbury texas, where the devastation stretching for miles, six people are dead, but all of the missing have been accounted for today, that's some good news, 16 tornadoes touched down wednesday night. including the first e-4 storm to hit the area in decades. governor rick perry is expected to tour the area this afternoon. >>> 60 homes built by habitat for humanity were dest
the only way you would see any type of tax reform if it was part of a broader deficit and debt reduction deal. which we all know with this most likely poisoning the well, makes it most difficult. it's not seem easy. lastly, i think what rangel is really hinting at, something that a lot of democrats are saying and mrs. pelosi was saying, is this is all happening because of citizens united. citizens united opened up the floodgates and the u.s. government didn't know how to respond to it. not...
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May 16, 2013
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the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...
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May 15, 2013
05/13
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. >> there's some good news in the year's budget deficit. it is now projected to come in well below what was estimated just a few months ago. congressional budget office study released predicted 2013 budget deficit of 642 billion, more than 200 billion below its february estimate. while the recovering economy is producing greater revenues, and proving deficit figure also reflects the accumulating effect on prior round of spending cuts, mostly reducing down day-to- day agency budgets, and january's tax hike on welfare earners. >> apples i tunes is closing in on an miles doa milestone to. its 50 billion app download. >> apple will surprise a lucky down motor with a $10,000 app stored gift card. the exit people will get a $500 gift card. and if you're hoping to win the prize, i tunes as the countdown ticker on its web site, try to time in your favor. the winner is expect to be named sometime today. [ female announcer ] the one for all. mcdonald's dollar menu, home of the meaty, melty mcdouble you love... and now love two more tastes, the bold h
. >> there's some good news in the year's budget deficit. it is now projected to come in well below what was estimated just a few months ago. congressional budget office study released predicted 2013 budget deficit of 642 billion, more than 200 billion below its february estimate. while the recovering economy is producing greater revenues, and proving deficit figure also reflects the accumulating effect on prior round of spending cuts, mostly reducing down day-to- day agency budgets, and...
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May 15, 2013
05/13
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the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately,
the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this...
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May 15, 2013
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stories come out that the deficit is going down faster than expected which is a good thing. it is good to see wall street reacted to that. but for the press this is a feeding frenzy right now because the communications staff of the white house is not doing a good job of explaining, dividing it up and setting it aside. >> benghazi they should be able to do it. >> the irs thing is another issue something with the processfor sectional government gone wrong the obama administration does not want to see this. coming up is the implementation of obama care. if there is the idea of a bureaucracy gone wrong or doing it on thing that does not go well for our people are thinking about obama-care. >> the more attention you get to something the worst. so maybe i did is we are not going to keep bringing this up and addressing it. but because it lends validity to it. >> on this one i think they try to distance themselves that is not working that will not work on this one. >> the irs goes to a fundamental belief the idea that government should not intrude. they have to fight back. 501 c-4 i
stories come out that the deficit is going down faster than expected which is a good thing. it is good to see wall street reacted to that. but for the press this is a feeding frenzy right now because the communications staff of the white house is not doing a good job of explaining, dividing it up and setting it aside. >> benghazi they should be able to do it. >> the irs thing is another issue something with the processfor sectional government gone wrong the obama administration does...
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May 20, 2013
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four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes and last night covering these and now it doesn't matter how many times you see this. it's just absolutely gives you the shivers and to sit here right now. first responders from all over flooding in here. yelling at each other. shep then excuse me for just a moment. live witness from k next thing you know coming across. bricks hear if coming in. it was trying to stuck the storm seller out of the ground unlastled latch the door. caved the door. in once if ended he we of course got out. i car is gone. i can't find it inspects nowhere to be found and there is an sin angel of brandon brought me home. when i g
four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes...
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May 14, 2013
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the biggest issue facing our country now is the growing debt and deficit. with the impacts of sequestration taking into account this bill provides around $23 billion in savings from mandatory programs to go towards deficit reduction. that is remarkable, that you've been able to craft a bill with that kind of number in there, and under the conditions that we're operating in. i understand there are different ideas around this table as to what is the best safety net. i urge my colleagues to recognize that one program does not fit all. the bill before us attempts to provide producers with options to find what works best for them and that's a step in the right direction. that's something we've never done before, is to give the kind of options that are available in this bill. a new program known as adverse market protection seeks to serve the needs of those who are not protected by the agricultural risk coverage and crop insurance programs. it's imperative that the farm safety net provide protection for multiyear price declines, especially for southern crops like
the biggest issue facing our country now is the growing debt and deficit. with the impacts of sequestration taking into account this bill provides around $23 billion in savings from mandatory programs to go towards deficit reduction. that is remarkable, that you've been able to craft a bill with that kind of number in there, and under the conditions that we're operating in. i understand there are different ideas around this table as to what is the best safety net. i urge my colleagues to...
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May 15, 2013
05/13
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the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old book. wealth of nations 1776. hey, that was a really good year by the way. adam smith. what is the underlying premise of adam smith we can apply in ample helpings to a variety of issues in the day? that is who should best deal with the procurement? whether it's a natural resource like natural gas or whether the government should decide who gets loans or what what type of loans. no, no, no. it should be free market for free men. and as the wealth of nations pointed out. don't worry about natural gas. the government can't decide w
the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old...
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May 14, 2013
05/13
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FBC
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he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less than two hours from extending the win he can street of 18 straight tuesday as the market is on track to finish in record territory yet again. joining me, above pavlick, from banyon partners with his take what he is watching to drive the market higher. bob, thank you so much for joining us. so you say, look there's lots more room to the upside. i don't say that you say a lot of room but there is room to the upside. what is driving the markets right now? we've gone through earnings. the economic date at thaa is so so. by all economic accounts we're drift
he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less...
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May 18, 2013
05/13
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MSNBCW
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for the most part predicts that the deficit will fall. why is this all to have good economic news getting the attention that bad economic news would no doubt get. >> it has to be a man bite dog story. it is bad in our business always getting more attention. an sbesing note, the more money we save we we save money on reduced interest payments as money that the nation owes goes down so you save two ways on this. i think this particular week has been so overwhelmingly challenging 0 be bam ma white house. the last few reports have been upbeat. this continues the trajectory. it would have had to have been a lot more dramatic to overwhelm one of the worst weeks of the obama administration. >> also coming out of the budget report this week, if enacted the president's budget would cut more than a trillion dollars from the government's budgets. with all that's happening hasn't this budget been forgotten about disregarded by those on the hill. >> both the house and senate budget committees have pass and enboth chambers have passed their versions. t
for the most part predicts that the deficit will fall. why is this all to have good economic news getting the attention that bad economic news would no doubt get. >> it has to be a man bite dog story. it is bad in our business always getting more attention. an sbesing note, the more money we save we we save money on reduced interest payments as money that the nation owes goes down so you save two ways on this. i think this particular week has been so overwhelmingly challenging 0 be bam ma...
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May 20, 2013
05/13
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FBC
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with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >> tivo did well, it was a beat on eps and revenue t was a beat on projected to be a loss of 14 cents. a beat on $86.2 million which was a beat of the estimate, 61.87. tivo which is trying to stay relevant had good news coming out today "after the bell.". david: not an earnings report. this was a loss report. but very good news. liz: important to point out, you're looking revenue, 13% year-over-year increase in the technology revenue. this is a stock while down for the quarter is up about 31% year-over-year. still no word, i know, joe you will be looking for this, to see if there is any mention of upcom
with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >>...
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May 19, 2013
05/13
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i still think that's too high and that the deficit hysteria has been overhyped and we're probably going to see a surplus. >> we should know that we're on the cusp of the next industrial revolution. you look at the u.s. and look back to the mill girls in lawrence and lowell, back to henry ford and mass production and now we're looking forward to kus omization and the changes in innovation and machinery and advancement in manufacturing, especially in apparel that are happening. so we look forward to that change in the next industrial revolution. >> i know i got a reference to lowell, mass and michael dukakis. successful day for me. thanks to chaumtoli huq. karl smith of the model behavior blog at forbes.com and brenna schneider. thanks for getting up and thank you for joining us. we'll be back next weekend, saturday and sunday at 8:00 a.m. eastern time. guests include author michael hastings. up next is melissa harris-perry. on today's mph, angelina jolie sparked a national conversation about breast cancer. the corporate interests and disparity in access not so fortunate as ms. jolie. pre
i still think that's too high and that the deficit hysteria has been overhyped and we're probably going to see a surplus. >> we should know that we're on the cusp of the next industrial revolution. you look at the u.s. and look back to the mill girls in lawrence and lowell, back to henry ford and mass production and now we're looking forward to kus omization and the changes in innovation and machinery and advancement in manufacturing, especially in apparel that are happening. so we look...
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May 15, 2013
05/13
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CSPAN2
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eye 100
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this trust deficit is something we should not ignore. it's an alarming indication of how the american people view their government, one that continues to overreach. and for those of us who are trying to assure our constituents that we're doing everything we can to keep this government from overreaching, that we need to restore this trust, we now are hit with something like this. the i.r.s. is given the responsibility of carrying out the law. it should never use its powers for partisan purposes. ever. violating that standard destroys the integrity of our government and further loses the trust of the american people. neither those of us who make the law nor those of us who enforce the law can be above the law, but the i.r.s. believed it was above the law when it targeting conservative groups for scruti scrutiny. and make no mistake, it is the i.r.s. that will be under scrutiny because of their own abuse, and so will every other agency of government, because d're beginning to disturbing pattern of politically motivated abuse. sometimes i th
this trust deficit is something we should not ignore. it's an alarming indication of how the american people view their government, one that continues to overreach. and for those of us who are trying to assure our constituents that we're doing everything we can to keep this government from overreaching, that we need to restore this trust, we now are hit with something like this. the i.r.s. is given the responsibility of carrying out the law. it should never use its powers for partisan purposes....
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May 14, 2013
05/13
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FOXNEWSW
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immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's possible to strike that balance and at the same time subpoena the phone records? >> i can't comment on the specific reports you cite. i can say the president does believe that the balance should be sought and can be found but it is a balance and, therefore, something that we need to constantly work at. >> the obama administration has launched six prosecutions for leaking classified information, which is more than all previous presidents come bind, shepard. >> shepard: on benghazi some observed that jay carney seems to not believe any of the questions about that are still l
immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's...
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May 13, 2013
05/13
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FBC
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the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the best investment? >> there is no safe haven as i indicated. you have to spread your eggs. one the cure return sis more than many others do is the euro priest sigh list because everybody else hates it. they're mopping up liquidity where everyone else is printing money. they have a lot of pain. the reason they have pain is they're not print enough money. i'm not saying buy equities but the currency can be stronger. ultimately you have to have a basket. can't put money one egg, be it australian dollar or the looun any or whatever it may be. lori: axel merk. thanks for coming in. melissa:
the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the...
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May 15, 2013
05/13
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we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse. >> i will give you one. it is still another one. if i can quickly push back a little on what david said, i agree. i would also say be careful what you wish for. the specter of a three year lame-duck president does not look that great internationally. i do worry about that angle. >> i am not too worried about what is happening internationally. i think they will basically be just slightly by over the next couple years. it is the economy here that i am worried about. with gridlock, look at what we have been able to get done. the president realizes
we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse....
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May 14, 2013
05/13
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from just one country who want to emigrate to americ america suffers from consecutive trillion-dollar deficits and $17 trillion accumulated debt. unless america changes its financial path, america will suffer a debilitating insolvency and bankruptcy that will usher in one of the worst three or four airas in america's history. america's immigration policies must reflect america's dire financial condition. america must limit immigration based on how many immigrants a year our economy can absorb. two, limit immigrants to net tax producers. i.e., those people who we have confidence in who will generate more in taxes than they consume. because they have, these people, viable skillsets that the economy needs. two, advance degrees in intellect that can support our medical high tech and other intellect-driven industries or, three, financial resources that can help create new jobs and businesses in america. and then finally and most importantly, we must enforce our immigration laws, whatever the consensus may be in congress on what they should be. the president and the senate gang of eight pushed an am
from just one country who want to emigrate to americ america suffers from consecutive trillion-dollar deficits and $17 trillion accumulated debt. unless america changes its financial path, america will suffer a debilitating insolvency and bankruptcy that will usher in one of the worst three or four airas in america's history. america's immigration policies must reflect america's dire financial condition. america must limit immigration based on how many immigrants a year our economy can absorb....
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May 18, 2013
05/13
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KRON
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the sharks try to come back from a 2 to 0 deficit in the nhl playoffs. gary radnich has all the highlights in the rest in sports. >> you had all been getting beat up and baumgartner took one. they had eight hits in nine runs. they did come back in the ninth. a buster hit a homerun. it was 109 to 9. they had attend games and winning streak. this is just what the doctor ordered. he allowed only one run. he is on to be a hero. the a's that when two to one. >> we just want to thank you for supporting the sauce season. you may disagree place to play. >> i love that guy! >> harrison barnes was taken off of the floor and he did try to play but he had to leave because he had headed. >> my head was hurting. i heard them telling me to stay down bread it was crazy but i am glad to be here. >> space san francisco or original has passed away. he grew up in the city and he played golf as san jose state. he went on to when the united states open in 1964. he was inducted into all same just 12 days ago. for 35 years he was a commentator for cbs sports and he passed away
the sharks try to come back from a 2 to 0 deficit in the nhl playoffs. gary radnich has all the highlights in the rest in sports. >> you had all been getting beat up and baumgartner took one. they had eight hits in nine runs. they did come back in the ninth. a buster hit a homerun. it was 109 to 9. they had attend games and winning streak. this is just what the doctor ordered. he allowed only one run. he is on to be a hero. the a's that when two to one. >> we just want to thank you...
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May 14, 2013
05/13
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CSPAN
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unless congress adopts a balanced deficit reduction plan and stops the reductions currently slated for 2014, i fear that our capacity to protect the american people from health care fraud, to safeguard vital programs, and precious resources, and hold criminals accountable will be further reduced. allowing these cuts would be both unwise and unacceptable. despite recent achievements, our work is really far from over. significant challenges lie ahead. that's why we must remain stead fast in our determination to strengthen current efforts and keep fighting to make the positive differences that our citizens need and that they deserve. i'd like to thank each of the approximately 400 law enforcement officials who made arrests, who executed search warrants, and otherwise participated in the investigative enforcement actions that made stayed's announcement possible. at this time i'd like to turn things over to another key leader of this work, my good friend, the secretary of h.h.s. >> thank you, general holder, and it's my great pleasure to join not only the attorney general but an amazing tea
unless congress adopts a balanced deficit reduction plan and stops the reductions currently slated for 2014, i fear that our capacity to protect the american people from health care fraud, to safeguard vital programs, and precious resources, and hold criminals accountable will be further reduced. allowing these cuts would be both unwise and unacceptable. despite recent achievements, our work is really far from over. significant challenges lie ahead. that's why we must remain stead fast in our...
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May 17, 2013
05/13
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KRON
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kings scored two power-play goals, 22 seconds apart in the final two minutes of the game to turn a 32 deficit into a 43 win over the sharks. game 3 is saturday at the shark [ man ] we have a go for auto sequence start. t-minus 5, 4, 3, 2, 1... ignition. [ male announcer ] launch your internet experience on at&t's newly expanded advanced digital network and connect more wi-fi-enabled devices at home. [ female announcer ] call to get u-verse high speed internet starting at $14.95 a month -- a guaranteed price for 12 months. or ask how to get your choice of a kindle fire hd, sonos play:3 or xbox 360 free with other qualifying internet offers. [ male announcer ] and get more speed for wi-fi gaming, more reliability than ever and more connectivity between devices. [ female announcer ] so call to get u-verse high speed internet starting at $14.95 a month -- a guaranteed price for 12 months. or ask how to get your choice of a kindle fire hd, sonos play:3 or xbox 360 free with other qualifying internet offers. [ male announcer ] u-verse high speed internet. [ man ] where all systems are go. ♪ 9158
kings scored two power-play goals, 22 seconds apart in the final two minutes of the game to turn a 32 deficit into a 43 win over the sharks. game 3 is saturday at the shark [ man ] we have a go for auto sequence start. t-minus 5, 4, 3, 2, 1... ignition. [ male announcer ] launch your internet experience on at&t's newly expanded advanced digital network and connect more wi-fi-enabled devices at home. [ female announcer ] call to get u-verse high speed internet starting at $14.95 a month -- a...
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May 12, 2013
05/13
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MSNBCW
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issues, immigration, health care, there are groups on right trying to mobilize moms, there's an anti-deficit group out there. is this a new trend we're seeing about sort of the targeting and mobilizing of mothers in politics? is this different from where we were 5, 10, 20 years ago? >> well, actually it's back to -- a return to a trend we had. we used to have, you remember the million-mom march on washington for guns. >> the million-mom march was like ten years ago, right after columbine. >> that's right. and moms really mobilizing. and moms have declined in their participation, actually. and in the 2014 elections, it looks like we'll be missing 11 million mom voter ifs we don't do something about it. this is very exciting to see the authority of moms come back to the forefront. health care's a great example. 80% of the decision makers on health care is mom. it's the one issue where your mom tells you what to do, go to the doctor, get the insurance, but they haven't been heard in the political debate. it's been a political fight rather than a health care fight. this is a very important mobil
issues, immigration, health care, there are groups on right trying to mobilize moms, there's an anti-deficit group out there. is this a new trend we're seeing about sort of the targeting and mobilizing of mothers in politics? is this different from where we were 5, 10, 20 years ago? >> well, actually it's back to -- a return to a trend we had. we used to have, you remember the million-mom march on washington for guns. >> the million-mom march was like ten years ago, right after...
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May 15, 2013
05/13
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CSPAN
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it increases the federal deficit, according to a january g.a.o. report. obamacare will add $6.2 trillion to the deficit over the next 75 years. but, mr. speaker, i want to conclude with a story that illustrates why this really matters. there's a lot of statistics about jobs and the economy and increased premiums and cost. but the real signature failure of this legislation is that it hurts patients. that it deprives the american people of the benefits of medical innovation. a hospital administrator told me in central kentucky that we used to take care of patients but we now take care of paper. medical innovation is central to america's future economic growth and to delivering new life-saving medical devices to patients. but the new medical device tax included in obamacare, which imposes a $2.3 -- 2.3% tax on medical device manufacturers, punishes medical innovation and prevents quality health care. and families around the country know this all too well. in my own family we saw this up close. christmas day, 2012, could have been one of the worst days of our
it increases the federal deficit, according to a january g.a.o. report. obamacare will add $6.2 trillion to the deficit over the next 75 years. but, mr. speaker, i want to conclude with a story that illustrates why this really matters. there's a lot of statistics about jobs and the economy and increased premiums and cost. but the real signature failure of this legislation is that it hurts patients. that it deprives the american people of the benefits of medical innovation. a hospital...
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May 14, 2013
05/13
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CSPAN2
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budget that encourages economic expansion by i investig in what makes america strong while cutting the deficit. after years of calling for regular order, after years of demanding the senate pass a budget, i expect republicans to embrace this process. but i couldn't have been more wrong. republicans have objected to a conference a half a dozen times and counting. it's obvious they're delaying for one nakedly partisan reason: they hope to delay compromise long enough to create another manufactured crisis as the nation once again approaches the debt limit. the debt ceiling, mr. president, is something 245 we used to just -- is something that we used to just move past. an elephant never forgets. but republicans don't follow their mascot, as they have a very short memory. elephants don't. but the republican party does. they should remember the political pain they inflicted upon them -- the republicans -- and our country over the past two years, in part by driving the one interest one manufactured crisis to the next. it's astonishing that republicans will once again, as they passed in the house last
budget that encourages economic expansion by i investig in what makes america strong while cutting the deficit. after years of calling for regular order, after years of demanding the senate pass a budget, i expect republicans to embrace this process. but i couldn't have been more wrong. republicans have objected to a conference a half a dozen times and counting. it's obvious they're delaying for one nakedly partisan reason: they hope to delay compromise long enough to create another...
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May 16, 2013
05/13
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KRON
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first city manager steve iran said they're running about 1.2 men out structural deficit and there is nowhere else to cut. for have already cut over 40 percent of the staff of the last couple of years, including over 50 percent of the finance ministry's is that and so please pardon is lasting they have. >> in 2010 probably about october when the fire alarm was pulled and said hey you're going to run out of money. it took a year of upheaval before the city council is totally replaced with a selection. as special election is the only thing that can save the police the border on june 4th. hercules residents will decide to increase the utility tax 2%. if the measure passes the police of our best days if not the county will take our policing. >> the bay to breakers is just three days away on sunday. charles clifford takes a look of the race route. >> the bay to breakers course from the east to west across san francisco and starts downtown at the intersection of main street in our street. just off the embarcadero. from the start line runs her west and to our streets a mile and have led them
first city manager steve iran said they're running about 1.2 men out structural deficit and there is nowhere else to cut. for have already cut over 40 percent of the staff of the last couple of years, including over 50 percent of the finance ministry's is that and so please pardon is lasting they have. >> in 2010 probably about october when the fire alarm was pulled and said hey you're going to run out of money. it took a year of upheaval before the city council is totally replaced with a...
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May 20, 2013
05/13
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CSPAN2
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that's a net fiscal deficit of $35,113. what we're talking about here is a nation that has a cradle-to-grave welfare system. this is not 1900. this isn't 1907 when the previous way of immigration peaked. this is the cradle-to-grave welfare system in the united states. and milton friedman said clearly that the open borders program and a cradle-to-grave weller if system cannot coexist. what we're doing here is speaking of the comprehensive immigration reform policy that's recurred here is that we're really talking about taxpayers subsidizing the difference between the cost of sustaining a household and the wages that can be drawn into that household from someone who is, i'll say, of lower education, not necessarily lower skills. and i'd ask unanimous consent to introduce into the record the rocket rector d robert rector report and ask unanimous consent, mr. chairman. >> without objection. >> thank you, mr. chairman. then i wanted to ask the question of mr. amador, the bill prohibits an employer from checking current employees
that's a net fiscal deficit of $35,113. what we're talking about here is a nation that has a cradle-to-grave welfare system. this is not 1900. this isn't 1907 when the previous way of immigration peaked. this is the cradle-to-grave welfare system in the united states. and milton friedman said clearly that the open borders program and a cradle-to-grave weller if system cannot coexist. what we're doing here is speaking of the comprehensive immigration reform policy that's recurred here is that...
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96
May 14, 2013
05/13
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FBC
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eye 96
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when fox realize we need some special events short runs the for america's attention deficit disorder population and we could never fit 24 into a single two hour movie, let's make it into the 12 episodes special run. almost nothing to lose. you can afford to kill off favorite characters or do all kinds of things. i am a real fan of that show. 24 was the first to encourage binge viewing. instead of appointment television every week, to buy the entire package and watch it in an entire weekend and homeland is very much a binge viewing show as well. dagen: i watched the first season on itunes and bought the whole thing. i watched it on pay-per-view. dennis: never saw homeland on showtime, watch it on demand, episode after a visit in these large blocks. that is something we can do more to mind and their increasingly willing to let their shows run anywhere all the time. that helps with this hole -- dagen: who do plus you can get it. >> live on any laptop or ipad. dennis: much more coming. connell: dennis is a big "imus in the morning" fan. the imus radiothon for the imus radio kids for canc
when fox realize we need some special events short runs the for america's attention deficit disorder population and we could never fit 24 into a single two hour movie, let's make it into the 12 episodes special run. almost nothing to lose. you can afford to kill off favorite characters or do all kinds of things. i am a real fan of that show. 24 was the first to encourage binge viewing. instead of appointment television every week, to buy the entire package and watch it in an entire weekend and...
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May 14, 2013
05/13
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CSPAN2
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it would help create jobs, it would help the economy, and it would deal with our debt and deficit in a fiscally responsible way. madam president, i also understood this, that that senate budget that was passed was not the final product. it was the senate's best effort to find a budget that would move our economy and our country forward. we knew that budget would be placed in a conference with the house budget. the house had passed their budget the same week. we my that there would have to be discussion and compromise and an effort to find common ground, but we did our best version and the house i assume feels like they did their very best version. now, the tw -- two house budgets are very different. i deeply believe that the senate budget is superior and that the american people, watching the discussions between the two houses and comparing them, would reach the same conclusion, but at the very least, i know this -- the american public are entitled to see that debate and discussion. they are entitled to look at the house budget and look at the senate budget and compare them just as t
it would help create jobs, it would help the economy, and it would deal with our debt and deficit in a fiscally responsible way. madam president, i also understood this, that that senate budget that was passed was not the final product. it was the senate's best effort to find a budget that would move our economy and our country forward. we knew that budget would be placed in a conference with the house budget. the house had passed their budget the same week. we my that there would have to be...
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May 16, 2013
05/13
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CSPAN2
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and it's not the federal payroll that caused the deficits we have today. as you and i know, it's a fact that we had a war in two countries, we have cut taxes, we went through a recession. we have to answer the way of getting out of this problem in a balanced approach. we have already done the discretionary cuts to those agencies. we are now affecting their ability to do the mission. i want to mention some of the effects of sequestration on the citizens of maryland who i have the opportunity to represent in the united states senate. maryland will lose approximately $14 million in funding for primary and secondary education, 12,000 fewer students will be served and approximately 30 fewer schools will receive funding. in maryland, we believe education is a top priority. that's how we compete. that's how we invest in our future, we invest in our children. maryland will lose approximately $10 million in funds for about 120 teachers, aides and staff who help our children with disabilities. 440 -- 770 fewer low-income families in maryland will receive aid to help
and it's not the federal payroll that caused the deficits we have today. as you and i know, it's a fact that we had a war in two countries, we have cut taxes, we went through a recession. we have to answer the way of getting out of this problem in a balanced approach. we have already done the discretionary cuts to those agencies. we are now affecting their ability to do the mission. i want to mention some of the effects of sequestration on the citizens of maryland who i have the opportunity to...
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May 17, 2013
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congressman ryan, are you going to be able to work with the administration on things like the economy and the deficit and immigration reform while congress also spends so much time focused on discovering more and doing more in oversight on the scandals and controversies. here's what he had to say. >> we have to do our job to our constituents to do oversight of the federal government, we're not getting straight answers on benghazi. we're not getting straight answers on the irs. clearly we're worried about intimidation of the press with respect to the doj scandal. that doesn't mean we're only going to do that. >> his point is they can walk and chew gum at the same time, that members of congress have this oversight responsibility, but you heard him say, very pointedly, we're not getting straight answers on benghazi, we're not getting straight answers on the irs. there is a lot of feeling by republicans and even some democrats in congress that the testimony today by the acting irs commissioner did him more harm than good. even if he's on his way out the door, there are questions about whether or not he's
congressman ryan, are you going to be able to work with the administration on things like the economy and the deficit and immigration reform while congress also spends so much time focused on discovering more and doing more in oversight on the scandals and controversies. here's what he had to say. >> we have to do our job to our constituents to do oversight of the federal government, we're not getting straight answers on benghazi. we're not getting straight answers on the irs. clearly...
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May 17, 2013
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and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to change the subject today, didn't work that well, because the subject is still out there. >> there's a formula for presidents who get into political trouble. and it begins with trying to change the questions. which he did pretty well, i think, in the rose garden, at least it was a good first step. went out there and said, okay, what we really noo ed is money to help secure the embassies. that was his response to the benghazi problem. he talked about the irs, and said, well, this was done, because i take these leaks very seriously, because they endanger americans.
and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to...
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May 14, 2013
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because of growth and economy and also because of fannie mae paying back money from the government, the deficit over the next six months is shrinking massively. >> the fed is not reducing its purchase. here ate plan right now for what the fed is going to do. it's going to buy $270 billion in treasury over the next six months and 270 billion of mortgages. and this is demand the fixed income of $510 million. we'll show you supply here and take a look at the next chart. new supply, zoom in here, 142 billion of new supply and no new net mortgage, man a little from fannie mae or freddy mac. their 5 ten bell onof demand means there's going to be 368 billion of cash. if you could just zoom in on that number and that's the number that taper says is going to be money looking for a hope in the market these days. the result is a lot of money having no place to go, but perhaps the stocks, and the fed will be dropping down further. the next screen is the equity risk premium. this is the measure over the risk-free treasury rate. you can see it's already at a historic high now according to tepper's math, this
because of growth and economy and also because of fannie mae paying back money from the government, the deficit over the next six months is shrinking massively. >> the fed is not reducing its purchase. here ate plan right now for what the fed is going to do. it's going to buy $270 billion in treasury over the next six months and 270 billion of mortgages. and this is demand the fixed income of $510 million. we'll show you supply here and take a look at the next chart. new supply, zoom in...